The Projected Path Of Consumer Price Index Inflation In India 2. inflation. annual headline inflation, based on consumer price index (cpi), is expected at 5.0 per cent for 2023 24 and 4.9 per cent during 2024 25 (annexes 1 and 2). headline cpi inflation (y o y) is expected at 4.7 per cent in q1:2023 24 and is likely to remain in the range of 4.9 5.3 per cent during the next three quarters . Global growth is expected to slow down from 6.1 per cent in 2021 to 3.2 per cent in 2022 and the outlook is “gloomy and more uncertain”, with risks tilted to the downside (imf, 2022). global consumer price inflation is projected by the imf to increase from 4.7 per cent in 2021 to 8.3 per cent in 2022.
Cpi Index 2024 Forecast In India Maxie Cassondra Food inflation for july 2024 is the lowest since june 2023. the y o y inflation rate based on the all india consumer food price index (cfpi) is 5.42 percent (provisional) for july. the. Despite an uptick in crude oil prices, the outlook for inflation continues to be benign, and i remain convinced that a real interest rate of 1 1.5% would be sufficient to glide inflation to the target of 4%. the current real policy rate of 2% (based on projected inflation for 2024 25) is therefore excessive. 40. The central statistics office (cso), ministry of statistics and programme implementation has revised the base year of the consumer price index (cpi) from 2010=100 to 2012=100 with effect from the release of indices for the month of january, 2015. the earlier series on base 2010=100 was started w.e.f january 2011. 5.08%. the consumer price index (cpi) measures the change in the prices of goods and services from the perspective of the consumer. the central bank pays very close attention to this figure in its role of maintaining price stability. a reading that is stronger than forecast is generally supportive (bullish) for the inr , while a weaker than.
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